Based on the last 12 Balance of Trade events in Japan, we expect NZDUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect NZDUSD to trend downwards 4 hours following the event release at 17 Sep 23:50 if the released value is < ¥-355.9B. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion
18 Aug 23:50 |
21 May 23:50 |
19 Feb 23:50 |
18 Nov 23:50 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
